Why did the Crisis of 2008 Happen?
Nassim Nicholas Taleb
NYU-Tandon School of Engineering
August 26, 2010
This paper - while a standalone invited essay written for a special crisis issue of New Political Economy - synthesizes the various technical documents by the author as related to the financial crisis. It can also be used as a technical companion to The Black Swan (2007-2010).
Keywords: Black Swan, Risk Management, Finance, Markets, Crisis
JEL Classification: D8, G11, G12, G13, N
Date posted: August 29, 2010 ; Last revised: February 2, 2015